SINGAPORE--7/30/2010, UNITED STATES -- (MARKET WIRE) -- Jul 30, 2010 --
STATS ChipPAC Ltd.
("STATS ChipPAC" or the "Company") (SGX-ST: STATSChP), a leading
semiconductor test and advanced packaging service provider, today announced
results for the second quarter 2010.

Tan Lay Koon, President and Chief Executive Officer of STATS ChipPAC, said,
"We are pleased with our second quarter performance. Revenue for second
quarter of 2010 increased by 35.7% to $435.3 million compared to the second
quarter of 2009 and increased by 12.2% over the prior quarter. Our second
quarter revenue reflected strong demand across all segments and was better
than seasonal trend. As a result of higher savings from cost reduction
effort and richer product mix, profitability for the quarter significantly
improved over corresponding quarter a year ago."

Net income for second quarter of 2010 was $37.3 million or $0.02 of net
income per diluted ordinary share, compared to $2.2 million or $0.00 per
diluted ordinary share in the second quarter of 2009 and net income of
$27.5 million or $0.01 of net income per diluted ordinary share in the
prior quarter.

John Lau, Chief Financial Officer of STATS ChipPAC, said, "Our gross margin
in the second quarter of 2010 was 21.5% compared to 15.1% in the second
quarter of 2009 and 20.0% in the prior quarter. Operating margin for
second quarter of 2010 was 12.9% of revenue compared to 4.7% in the second
quarter of 2009 and 11.2% in the prior quarter. Capital spending in the
second quarter of 2010 was $67.7 million or 15.5% of revenue compared to
$32.4 million or 10.1% of revenue in the second quarter of 2009, as we
continued investments in wafer level packaging and 300mm eWLB manufacturing
capacity. We ended the second quarter of 2010 with cash, cash equivalent
and marketable securities of $381.1 million and debt of $451.4 million,
compared to $368.1 million and $458.0 million, respectively, as of the
fourth quarter of 2009."

The Company has today announced that it has commenced a cash tender offer
and consent solicitation in respect of its $213.0 million of 6.75% Senior
Notes due 2011 ("Existing Notes") and is concurrently offering senior notes
("New Notes") in a private placement in furtherance of its capital
reduction plans, details of which are contained in a separate press release.

Forward-looking Statements

Certain statements in this release are forward-looking statements that
involve a number of risks and uncertainties that could cause actual events
or results to differ materially from those described in this release.
Factors that could cause actual results to differ include, but are not
limited to, general business and economic conditions and the state of the
semiconductor industry; prevailing market conditions; demand for end-use
applications products such as communications equipment, consumer and
multi-applications and personal computers; decisions by customers to
discontinue outsourcing of test and packaging services; level of
competition; our reliance on a small group of principal customers; our
continued success in technological innovations; possible future application
of push-down accounting; pricing pressures, including declines in average
selling prices; intellectual property rights disputes and litigation; our
ability to control operating expenses; our substantial level of
indebtedness and access to credit markets; potential impairment charges;
availability of financing; changes in our product mix; our capacity
utilization; delays in acquiring or installing new equipment; limitations
imposed by our financing arrangements which may limit our ability to
maintain and grow our business; returns from research and development
investments; changes in customer order patterns; shortages in supply of key
components; customer credit risks; disruption of our operations; loss of
key management or other personnel; defects or malfunctions in our testing
equipment or packages; rescheduling or cancelling of customer orders;
adverse tax and other financial consequences if the taxing authorities do
not agree with our interpretation of the applicable tax laws;
classification of our Company as a passive foreign investment company; our
ability to develop and protect our intellectual property; changes in
environmental laws and regulations; exchange rate fluctuations; regulatory
approvals for further investments in our subsidiaries; majority ownership
by Temasek Holdings (Private) Limited ("Temasek") that may result in
conflicting interests with Temasek and our affiliates; unsuccessful
acquisitions and investments in other companies and businesses; labor union
problems in South Korea; uncertainties of conducting business in China and
changes in laws, currency policy and political instability in other
countries in Asia; natural calamities and disasters, including outbreaks of
epidemics and communicable diseases, the continued trading and listing of
our ordinary shares on the Singapore Exchange Securities Trading Limited
("SGX-ST"); and other risks described from time to time in the Company's
filings with the U.S. Securities and Exchange Commission, including its
annual report on Form 20-F dated March 5, 2010. You should not unduly rely
on such statements. We do not intend, and do not assume any obligation, to
update any forward-looking statements to reflect subsequent events or
circumstances.

Our 52-53 week fiscal year ends on the Sunday nearest and prior to December
31. Our fiscal quarters end on a Sunday and are generally thirteen weeks
in length. Our second quarter of 2010 ended on June 27, 2010, while our
second quarter of 2009 and fiscal year 2009 ended on June 28, 2009 and
December 27, 2009, respectively. References to "US GAAP" are to Generally
Accepted Accounting Principles as practiced in the United States of America
and references to "$" are to the lawful currency of the United States of
America.

No Offering of New Notes and No Offer to Purchase Existing Notes

This release does not constitute an offer of securities for sale in the
United States. Securities may not be offered or sold in the United States
absent registration under the Securities Act or an applicable exemption
from such registration requirements. The Company has not registered and
does not intend to register any part of the proposed offering of New Notes
in the United States. This release also does not constitute an offer to
purchase, a solicitation of an offer to purchase, or a solicitation of
tenders or consents with respect to, any Existing Notes.

About STATS ChipPAC Ltd.

STATS ChipPAC Ltd. is a leading service provider of semiconductor packaging
design, assembly, test and distribution solutions in diverse end market
applications including communications, digital consumer and computing.
With global headquarters in Singapore, STATS ChipPAC has design, research
and development, manufacturing or customer support offices in 10 different
countries. STATS ChipPAC is listed on the SGX-ST. Further information is
available at
www.statschippac.com. Information contained in this website
does not constitute a part of this release.